Pendal Group Ltd grew its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,018 shares of the construction company’s stock after buying an additional 1,637 shares during the quarter. Pendal Group Ltd’s holdings in Jacobs Engineering Group were worth $2,702,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Westpac Banking Corp grew its position in shares of Jacobs Engineering Group by 106.9% in the second quarter. Westpac Banking Corp now owns 15,526 shares of the construction company’s stock valued at $1,310,000 after purchasing an additional 8,021 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Jacobs Engineering Group by 99.0% in the second quarter. Janus Henderson Group PLC now owns 87,042 shares of the construction company’s stock valued at $7,345,000 after purchasing an additional 43,301 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Jacobs Engineering Group by 685.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,640 shares of the construction company’s stock valued at $1,067,000 after purchasing an additional 11,030 shares in the last quarter. Monarch Capital Management Inc. grew its position in shares of Jacobs Engineering Group by 0.5% in the second quarter. Monarch Capital Management Inc. now owns 28,527 shares of the construction company’s stock valued at $2,407,000 after purchasing an additional 130 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of Jacobs Engineering Group by 3.6% in the second quarter. Aperio Group LLC now owns 93,142 shares of the construction company’s stock valued at $7,861,000 after purchasing an additional 3,257 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

JEC has been the subject of a number of analyst reports. DA Davidson upped their price target on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered Jacobs Engineering Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group increased their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, KeyCorp increased their price objective on Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $87.07.

Shares of JEC traded up $1.19 during midday trading on Thursday, hitting $81.96. 93,840 shares of the stock were exchanged, compared to its average volume of 967,951. Jacobs Engineering Group Inc has a 52-week low of $55.17 and a 52-week high of $86.43. The stock’s fifty day moving average is $84.08. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.56 and a beta of 1.41. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.25 by $0.15. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Jacobs Engineering Group Inc will post 4.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, July 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.83%. Jacobs Engineering Group’s dividend payout ratio is currently 15.21%.

Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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